Today’s REI Classroom Lesson

Today, Andy McFarland expresses to us why buying and holding can be the gift that keeps on giving.

REI Classroom Summary

Find out more about having passive income and why it’s so beneficial.

Listen to this REI Classroom Lesson

Real Estate Investing Classroom Show Transcripts:

Mike: Welcome back to the FlipNerd.com REI Classroom, where experts from across the real estate investing industry teach you quick lessons to take your business to the next level. And now, let’s meet today’s expert host.

Andy: Hey everyone, my name is Andy McFarland. I’m going to be your host today for the REI Classroom. And today we’re going to be talk about “The Gift that Keeps on Giving.”

Andy: Now I know a lot of you guys are active real estate investors. That means you buy properties, and fix them and sell them or you wholesale properties. Now that’s active income, and that’s great, but I want you to think back at the reason why you got into real estate investing. The reason you did is because you wanted that passive income. You didn’t want to work anymore. You wanted long-term wealth.

So I want you guys to remember, this year, as you’re doing a lot of flips, lots of wholesales, and making those chunks of money, to remember to put some of that money into a long-term buy-and-hold property. Whether that be a duplex, single-family home, or apartment complex, storage units, whatever it is. But I tell you, those properties are why you got into real estate. That’s how to create real wealth and that will be the gift that will keep on giving to you and your family for the rest of your life.

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Please note, the views and opinions expressed by the individuals in this program do not necessarily reflect those of FlipNerd.com or any of its partners, advertisers, or affiliates. Please consult professionals before making any investment or tax decisions, as real estate investing can be risky.

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Andy McFarland is a self-made real estate entrepreneur who started with nothing and currently makes seven figures a year in his real estate business.After getting fired from his job 10 years ago, Andy went into real estate full time and has never looked back. Since that time he has purchased 500+ properties directly from private sellers. He has a special ability to listen to a seller’s needs and create win-win solutions. Andy firmly believes that, “You can have everything in life you want, if you will just help other people get what they want.”Andy is passionate about real estate and teaching others the skills and techniques he used to become financially free. Andy’s emphasis is in working directly with private sellers, negotiating, creative financing, and wholesale deals.Andy has been married for 10 years and currently resides in Utah with his beautiful wife and three amazing children. Andy enjoys being around family and friends and continuing to grow and learn every day.Learn more at www.iloverealestatestories.com.